PANews reported on January 27 that according to the latest weekly data from CoinShares, digital asset investment products attracted a total of $1.9 billion in inflows last week, bringing the total year-to-date (YTD) inflows to $4.8 billion, influenced by the recent presidential executive order proposing to use Bitcoin as a strategic reserve asset. Despite the small price fluctuations last week, the trading volume was still as high as $25 billion, accounting for 37% of the total trading volume of trusted crypto exchanges.
In terms of Bitcoin, inflows last week reached $1.6 billion, and the total YTD inflow reached $4.4 billion, accounting for 92% of all inflows in the digital asset field. In addition, as the price of Bitcoin hit a record high before the presidential inauguration, short Bitcoin ETFs also regained attention, with inflows of $5.1 million.
In the altcoin sector, Ethereum has recovered, with an inflow of $205 million last week; XRP also attracted an inflow of $18.5 million. Among other smaller digital assets, Solana, Chainlink and Polkadot recorded inflows of $6.9 million, $6.6 million and $2.6 million respectively. It is worth noting that there was no outflow of funds from all digital asset investment products last week.
